Where the Price of Carbon is Today and Where it Has to Go to Move Us to Net-Zero

By Len Rosen Putting a price on carbon (primarily carbon dioxide emissions, but also methane) is a market mechanism first tried out through a global agreement in the 1990s aimed at reducing hydrofluorocarbons (HFCs) responsible for the depletion of the ozone layer. A market exchange system involving caps on the amount of HFCs each country could produce ended up establishing a price for these polluting..

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